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Mar 31, 2022
Fidelity National Financial Q1 2022 Earnings Report
Reported financial results for the first quarter ended March 31, 2022.
Key Takeaways
Fidelity National Financial reported a strong first quarter in 2022, with total revenue increasing by 2% to $3.2 billion. The Title business was boosted by commercial market demand and home price appreciation, while F&G delivered strong sales, driving growth in assets under management and profitability.
Total revenue increased by 2% year-over-year to $3.2 billion.
Title segment revenue remained stable at $2.4 billion.
F&G total sales increased by 57% year-over-year to $2.6 billion.
FNF repurchased 2.75 million shares for $134 million and paid dividends of $124 million.
Fidelity National Financial
Fidelity National Financial
Fidelity National Financial Revenue by Segment
Revenue by Segment
Title Segment Revenue
CapyFin.com Forward Guidance
FNF expects to create shareholder value through continued investment in their business, returning capital to shareholders, and evaluating strategically aligned acquisitions.
Positive Outlook
- FNF plans to dividend 15% ownership of F&G to FNF shareholders in the second half of the year.
- FNF will retain 85% ownership of F&G and continue to benefit from their growth.
- FNF is committed to creating value for its shareholders through investment in its business.
- FNF will continue to return capital to shareholders.
- FNF will evaluate strategically aligned acquisitions.
Challenges Ahead
- Economic challenges persist.
- Geopolitical challenges persist.
- Rising interest rate environment.
- Decline in refinance volumes.
- Uncertainty and volatility in the macro environment.